2 months on rocket

324 N Palomares St, Pomona, CA, 91767

$725,000

Home List Price

$8,609*

Closing Credit

0 Baths
Multi

Location

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324 N Palomares St, Pomona$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
Year Built1895
MLS #CV24176920
Lot Size0.14 Acres
StatusActive

About 324 N Palomares St

We are pleased to exclusively offer for sale this 2 unit multi-family investment property in the city of Pomona. This single-story multifamily investment property offers an ideal blend of comfort and convenience in a prime rental location. The property features two well-maintained units: a spacious 3-bed/2-bath unit and a 2-bed/1-bath unit, together totaling 1,732 square feet of rentable living space on a 6,020 square foot lot. Situated in a predominantly single-family residential neighborhood, this property benefits from a stable rental market. Tenants will appreciate the onsite parking and a shared private backyard, perfect for outdoor relaxation. Each unit is separately metered for electricity and gas, providing efficiency and ease of management. Additionally, laundry hookups are available for both units, further enhancing the appeal of this investment opportunity. The city's historical vacancy rate for apartments remains low, reflecting strong demand and a stable rental market. Tenants are drawn to Pomona's rich cultural heritage, vibrant downtown area, and easy access to major freeways and public transportation, offering both convenience and a sense of community.

Property Details

Property Features

Property Information:

  • Year Built: 1895
  • Stories: 1

Listing Office:

  • Office Name: RE/MAX 2000 REALTY
  • Office Phone: (909) 645-0443
  • Listing Agent: Kristopher German

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: South of I-10, East of CA-71; Near the Intersection of E Monterey Ave & N Palomares St

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000

Tax Information:

  • Annual Amount: $3,681
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Pomona, CA.

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Pomona, CA

City

Med. Sold Price

$670K

Med. Price/SqFt

$470

Avg. Days On Market

27

# of Sold Homes

51

324 N Palomares St vs Pomona

82 DAYS ON ROCKET

+55 Days

$725,000

+$55K More

KEY TAKEAWAY

This property is $55K more than the Median Sold Price in Pomona, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV24176920

Listing Office:

  • Office Name: RE/MAX 2000 REALTY
  • Office Phone: (909) 645-0443
  • Listing Agent: Kristopher German

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 9:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 22, 1997Home Sold
$65,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,681$269,255
2020$3,754$266,495
2019$3,458$261,270
2018$3,401$256,148
2017$3,401$251,126

History based on county public records data.

Payment Calculator

$3,686

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-434399
3
/10

  • San Antonio Elementary School

  • 855 E Kingsley Ave

  • 0.69 miles

  • Public District Grades KG-5

school-card-donut-434400
5
/10

  • Washington Elementary School

  • 975 E 9th St

  • 0.76 miles

  • Public District Grades KG-5

school-card-donut-434401
2
/10

  • Lincoln Elementary School

  • 1200 N Gordon St

  • 0.80 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,026. The majority of Pomona, CA residents have income less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Pomona›91767›324 N Palomares St

This home is located at 324 N Palomares St in Pomona, CA and zip code 91767. This home, which was built in 1895, sits on a 0.14 acre lot. It has been listed on Rocket Homes since August 26, 2024 and is currently priced at $725,000.

Over 25 listings were sold over their listed price in October 2024 in Pomona, CA. In the same period over 12 listings were sold below the listed price and 14 listings were sold for the listed price. Between September 2024 and October 2024, Pomona, CA real estate market has seen decrease in the number of listings by 4.7%. The median list price of listings available in October 2024 was $670,000, while the average time on the real estate market was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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